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ARTICLE · 09 MARCH 2017

Spring Budget 2017 Analysis - Tobacco Duty And Minimum Excise Tax

Deloitte
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As announced in Budget 2014, duty rates on all tobacco products will increase by 2 per cent above retail price ideas inflation.

United KingdomGovernment, Public Sector
Deloitte LLP
Deloitte LLP
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The measure

As announced in Budget 2014, duty rates on all tobacco products will increase by 2 per cent above retail price ideas inflation.

In addition, the government will introduce a Minimum Excise Tax to target the cheapest cigarettes. The rate will be set at £268.63 per 1,000 cigarettes.

The general impact of the change in excise duty rates will mean that the price of:

  • a packet of 20 cigarettes will increase by approximately 35 pence;
  • a 30g packet of hand rolling tobacco will increase by approximately 42 pence;
  • 10g weight of cigars will increase by approximately 17 pence; and
  • a 30g packet of pipe tobacco will increase by approximately 23 pence.

Who will be affected?

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